Nel ASA (OTCMKTS:NLLSF – Get Free Report) was the target of a large drop in short interest in August. As of August 31st, there was short interest totaling 930,162 shares, a drop of 48.3% from the August 15th total of 1,797,460 shares. Based on an average daily volume of 6,345 shares, the days-to-cover ratio is presently 146.6 days.
Nel ASA Stock Performance
Nel ASA stock remained flat at $0.18 during trading hours on Wednesday. 15,105 shares of the company’s stock traded hands, compared to its average volume of 30,777. Nel ASA has a twelve month low of $0.05 and a twelve month high of $0.43. The stock has a 50-day simple moving average of $0.19 and a 200-day simple moving average of $0.24.
About Nel ASA
Nel ASA (OTCMKTS:NLLSF) is a Norwegian company specializing in hydrogen production and distribution solutions. The company develops and manufactures water electrolysers and hydrogen fueling stations designed to enable a scalable hydrogen infrastructure for industrial, energy and mobility applications. With a focus on green hydrogen, Nel ASA supports the transition to cleaner energy by providing technology that produces hydrogen through electrolysis powered by renewable electricity.
Nel’s product portfolio includes both alkaline and proton exchange membrane (PEM) electrolysers, catering to a variety of capacity and purity requirements.
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